Market Update - March 7, 2013

Posted on Mar 7, 2013
CBOT futures are lower except for March soybeans and wheat. Prices are at/near the day’s lows. Traders are preparing for Friday’s USDA WASDE report. The US dollar is weaker, giving up most of yesterday’s gains.

Cattle futures have turned higher, trading a wide range since the open. Lean Hog futures opened higher and continue to rally on cash hog market strength and short-covering.

Corn May -5.5 683; Jly -6.5 665; Dec -4 540

Bean May -2.5 1463; Jly -4 1445; Nov -7 1272

Meal May -2 434; Oct -3 360

  Oil +4 5030

Wheat May -1 682; Jly -2 687

KC unch 724; MGE +1 785

LC Apr +15 12895; Jun +62 12457; Oct +47 12937

FC Mar +42 14135; Apr +92 14317; Aug +57 15202

LH Apr +212 8137; Jun +180 9125; Oct +160 8240

Milk Mar +2 1701; Apr -1 1737

Oats -4 380

Rice -2 1532

 US$ -.4%

Dow +.3%

SP +.2%

NAS +.3%

Tran -.4%

VIX -2.6% 13.18

WTI +.9%

Brent -.1%

Gas -.5%

NG +2.9%

HO -.3%

Eth +1.1%

Gold unch

Slvr unch

5-yr +.04 0.84% 10yr +.04 1.98% 30yr +.04 3.19% 

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Tagged Post Topics Include: Economics, Market updates